yeah I was expecting better today in the pharma and bio sector today, not sure why they were weak but as you say good to see neu showing some relative strength against the others. I was expecting better today as the US health sectors have been on a good run and nbi/xbi had a good night last night and are at 2 month highs, unfortunately that strength doesnt seem to be flowing into the local market. Market does seem a bit choppy and toppy to me (imo it could do with a pause or bit of a pullback), xec has been down last few sessions and perhaps todays weakness in bio was just reflecting a bit of risk off.
As seanc said, neu could do with a blockbuster announcement to get out of the consolidation range we're currently in, fingers crossed.
NEU Price at posting:
$13.83 Sentiment: None Disclosure: Held
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